When you can little doubt picture you'll find reams of information concerning the obligations employers have in supplying pensions tracing service staff having a pension. The pensions provider outlines what these obligations are, and under what situations an organization has to deliver access to a stakeholder pensions services for their workers.

The Welfare Reform and Pensions Act 1999 states that many employers will have to offer their workforce access to a stakeholder pension scheme. This really is identified the 'employer accessibility requirement'. In result this means companies have to pick out a stakeholder pension scheme that permits your personnel to affix should they pick to.

Exemptions to your employer entry requirement

Possible exemptions are:

· Companies are exempt to the need should they use fewer than 5 people today. This incorporates anybody around the payroll in the business this sort of as managing directors, but doesn't include self employed persons.

· If an employer presents an profession pension scheme which can be open for workers to affix immediately after a years assistance. It really is attainable for businesses to limit membership to personnel older than 18, and to have more than five decades remaining in advance of retirement age.